VS
When evaluating costs, NSDU features a management fee (MER) of 0.3%, compared to 0.55% for ZUT. Performance-wise, NSDU has returned 13.28% year-to-date with +$77 M in net flows, whereas ZUT is at 16.24% with -$70 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
NSDU
ZUT
| AuM | $78.05 M | $862.78 M |
| Management Fees | 0.30% | 0.55% |
| Exp. ratio | 0.40% | 0.61% |
| Tracking Difference | - | -0.73% |
Historical performance and flows
As of October 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | NSDU | +2.27% | +1.90% | +13.28% | +14.73% | - |
ZUT | +3.85% | -4.33% | +16.24% | +9.35% | +69.53% | |
| Flows | NSDU | +$68 M | +$71 M | +$77 M | +$77 M | - |
ZUT | +$25 M | +$56 M | -$70 M | -$4 M | +$257 M |
NSDU vs ZUT exposure
Countries
NSDU
Exposure data will be available soon
ZUT
Canada
82.83%
Bermuda
17.17%
Sectors
NSDU
Exposure data will be available soon
ZUT
Utilities
82.26%
Energy
9.30%
Industrials
8.44%
As of October 16, 2026
Top 10 Holdings
NSDU
Exposure data will be available soon
ZUT
AltaGas Ltd.
9.30%
ATCO Ltd.
9.15%
Canadian Utilities Ltd.
8.78%
Brookfield Renewable Partners LP
8.73%
Capital Power Corp.
8.69%
Brookfield Infrastructure Partners LP
8.44%
Northland Power, Inc.
8.00%
TransAlta Corp.
7.98%
Emera, Inc.
7.97%
Fortis, Inc.
7.90%
Diversification
NSDU
Exposure data will be available soon
ZUT
Total weight of top 10 holdings out of 12 total
84.93%
Characteristics
Compare
NSDU
ZUT
| Provider | National Bank Investments | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Solactive Equal Weight Canada Utilities Total Return Index - CAD |
| Replication Method | - | Direct (Physical) |
| Asset Class | Equity | Equity |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 0.00% | 2.85% |
| Meets ESG criteria | No | No |
| Inception Date | September 16, 2025 | January 19, 2010 |
Frequently asked questions about NSDU and ZUT
Which ETF has performed better year to date: NSDU or ZUT?
As of October 16, 2026, NSDU has returned 13.28% year to date, while ZUT has returned 16.24%. ZUT is ahead on YTD performance.
Which ETF is larger by assets under management: NSDU or ZUT?
As of October 16, 2026, NSDU manages $78.05 M in assets, while ZUT manages $862.78 M. ZUT is the larger fund by AUM.
How are NSDU and ZUT managed?
NSDU is actively managed by National Bank Investments. It does not track an index. ZUT is passively managed by BMO. It tracks the Solactive Equal Weight Canada Utilities Total Return Index - CAD benchmark.
Which ETF is attracting more investor flows: NSDU or ZUT?
Year to date, NSDU has seen +$76.89 M in net flows, compared with -$69.96 M for ZUT. NSDU has attracted more net investor money so far.
How do the fees of NSDU and ZUT compare?
NSDU has an expense ratio of 0.40%, while ZUT has an expense ratio of 0.61%.
Recent articles about NSDU and ZUT
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